CGN POWER CO., LTD. Clean Energy for Better Life
2022 Interim Report
(A joint stock company incorporated in the People's Republic of China with limited liability)
Stock Code: 1816
CGN Power Co., Ltd. ("CGN Power", the "Company", "our Company" or "we") was established on March 25, 2014, listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange") on December 10, 2014, and listed on the Shenzhen Stock Exchange ("SZSE") on August 26, 2019. CGN Power is the sole platform for nuclear power generation of China General Nuclear Power Corporation ("CGNPC"). The Company is committed to providing nuclear power and energy supply that are safe and effective, stable and reliable, clean and low-carbon, as well as related nuclear power professional services.
In this report, we will present the unaudited consolidated interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended June 30, 2022 (the "Period", the "Reporting Period" or the "first half of 2022") together with the comparative figures for the corresponding period in 2021, and summarize the progress in implementing our development strategy ("2022 Interim Report" or "this report").
Unless otherwise defined in this report, the terms used in this report shall have the same meanings as those defined in the 2021 Annual Report of the Company. The term "subsidiary(ies)" in this report has the same meaning ascribed to it under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange (the "Listing Rules"). This report has been prepared in Chinese and English respectively. In case of discrepancy, the Chinese version shall prevail.
Contents
Summary of Interim Results | 2 |
Financial Highlights | 4 |
Shareholder Value | 5 |
Finance, Assets and Investments | 8 |
Business Performance and Outlook | 15 |
Corporate Governance | 32 |
Report Review | 41 |
Consolidated Balance Sheet | 42 |
Balance Sheet of the Parent Company | 44 |
Consolidated Income Statement | 46 |
Income Statement of the Parent Company | 48 |
Consolidated Statement of Cash Flows | 49 |
Statement of Cash Flows of Parent Company | 51 |
Consolidated Statement of Changes in Equity | 52 |
Statement of Changes in Equity of Parent Company | 53 |
Notes to the Financial Statements | 54 |
Company Information | 203 |
2022 Interim Report CGN Power Co., Ltd. | 1 |
Summary of Interim Results
In the first half of 2022, China's economy presented steady recovery as a whole, with steady growth in energy production and continuous optimization of the energy consumption structure, striking an overall balance between national electricity supply and demand. The nuclear power generating units in operation managed by us maintained safe and stable operation, and the construction of the nuclear power generating units under construction progressed orderly. The on-grid power generation slightly decreased over the corresponding period of 2021, which was affected by factors such as the shutdown for maintenance and inspection of Taishan Unit 1 and the heavy rainfalls in the provinces where certain nuclear power generating units are located.
Operation results
Revenue
RMB
36,622.09
MILLION
decreased by
0.66%
over the corresponding
period of 2021
Net Profit Attributable
To Shareholders Of The
Parent Company
RMB
5,904.50
MILLION
increased by
7.39%
over the corresponding
period of 2021
2 CGN Power Co., Ltd. 2022 Interim Report
Emissions reduction | Six nuclear power generating | ||||
contribution | units under construction* | ||||
Reduction of standard coal | |||||
consumption of approximately | Installed capacity | ||||
76.8676 TONS | 7,180MW | ||||
MILLION | |||||
of CO2 emission for on-grid power | |||||
generation (including associates) |
For the
six months ended
June 30, 2022
On-grid power generation | On-grid power generation |
of our subsidiaries | of 26 nuclear power generating |
(20 nuclear power generating | units in operation |
units in operation) | (including associates) |
74,515.61GWH | 92,835.27GWH | ||||
decreased by 5.76% | decreased by 2.51% | ||||
over the corresponding period of 2021 | over the corresponding period of 2021 |
- Including generating units managed by the Company as entrusted by the controlling shareholder.
2022 Interim Report CGN Power Co., Ltd. | 3 |
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Disclaimer
CGN Power Co. Ltd. published this content on 26 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2022 10:28:08 UTC.
